The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-23
A SOLID REALTY MARKET.
II Steadily Continues to Improve in Way
Gratifying to Dealers.

There has been q gradual improvement in the
real estate market for several weeks, and agents
are now almost ready to predict a rspetiti on of
the activity that came with the discovery of
natural gas last spring The market now, how
ever, has different character from that of six
months ago. There seems to be DISPOSITION
to initiate values, and the transactions that are
taking place are not brought about with view
to speculation. For the most part the purchas-
men who making investments with
the intention Of holding the property. In
the last week there has been q gread cal OF in
ouiry for suitable grounds for manufacturing
purposes. located along the Belt railroad or ad-
jacent to some line passing through the city.
Some of these inquiries came from men with
capital from other cities, and some from local
manufacturers who have an idea of extending
their business after natural gas is supplied for
fuel Unimproved lots for building purposes.
located around the suburbs of the city. are also
in great demand, and great deal of such prop
erty is represented by the deeds put on record
in the recorders Office.
There is more of a disposition to sell property
than was manifested several months ago. when
the buyers SO greatly outnumbered the sellers.
and this fact perhaps in degree accounts for
the briskness of the market. There have al
ways been plenty of people who had property
they would like to SELL" said real estate agent
yesterday. ''but when the little boom came on
last . spring they got ralse aon rdsa
in short time, and they refused to consider
offers for what their property was really worth.
Now they have learned by experience that in
fated values do not go any more in Indianapolis,
and they are beginning to offer their property
for sale It the market price. The fact that this
class Of property owners were unable to force
values beyond their legitimate point 10, think.
an excellent indication Of the soundness OF the
market.
The last week was the busiest the recorder
has had for several months. Eiehty-one deeds
were recorded. representing an exchange OF
5000. SCI. 90 On Monday there were convey
ances the amount of SI9. 945; Tuesday. $40
gs sa ss Which,
the best day Of the week. $50 COG so. The deeds
recorded yesterday were as follows:
The Cabinetmakers' Union to the Indian.
apois Cabinet-makers' Union, lots 273
to 2S4. inclusive. in Mobiles subdivision
of outlots 45. go SIS, So and 81, in In
Miletns f. Bell to Mary Madison. lot III
in Ingram Fletcher's third addition to
Mary G. Tindali to Emma Ageo. lot s in
Clifford Place, addition to Indianap-
James W. Jones to Maud Miner, lots
LAP and 143 in Murphy's southeast ad-
dition to IndianapoEs oOO.oo
Samuel Wrinkle to Charles Gresh. lots 80
and 81, in block SO. in Burton's north
Indianapolis addition. --z-------;-- $4,000
Annora Marcy to Major Taylor, lot 20.
in s. A. Fletcher, jr.'s, subdivision of
Charles Shut to Lenora Barsher. lots
and 5, in square 4, in the town of Cum
oOo'Oo
Mole E. Morrow to James W. Powers.
lot SO in McCarty's first West-side adj
0ition to Indianapolis. Observation-Disclosures 36O.OO
Henrietta n. Havelick to Mary Teller lot
10. in Wileys subdivision of outlets
1872. 1913 and 1855, in indianapolis. 1,35OOO
Margaret Stern to William Cline. part of
tho southeast quarter of section 16,
township 16. range east, containing
20 acres I,OVO.VO
Robert W. Long to Catherine Williams,
the southeast quarter of the northeast
quarter of section 81. township 16
north, of range east 3,OO6.5O
Thomas Nurse to Thomas w. Nurse part
of lot 4, n Turner's subdivision of out
lot 127, in Indianapolis. 100000
Amee MUIR to August MUIR, undivided
three-eighths of the southeast quarter
of section 80. township 16 north, range
east, containing 1612 acres.----..--- 10000
Amelie MUIR to Louis MUIR. undivided
three-eighths of the southeast quarter
of section 81 township 16 north, range
3 east. containing 16la ....----a 100000
Martha L. Martindae to Robert MARTINI
dale part of lots and 5 in Hall Place,
addition to indianapolis. 100000
Nancy Wheeler ct al to William H Neg
ley, part of the northeast quarter of
section s. township 10 north, of range
east. Observation-Disclosures. 10000